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Změny v měření ekonomiky a dopady do odhadu produktivity
[Changes in the Measuring of Economy and Its Impact on Productivity Estimation]

Author

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  • Jaroslav Sixta
  • Kristýna Vltavská

Abstract

In 2014 notable changes in economy measuring have occurred. Primarily, it was caused by the implementation of a new ESA 2010 European standard of accounts subsequent to SNA 2008 an international Standards of accounts. Moreover, European statisticians executed other changes which met the requirements of Eurostat. These changes implemented the latest procedures in statistical models and used the most current data sources (e.g. Cenzus, 2011). The most notable changes represent the capitalization of research and development, the capitalization of government expenditures of military weapons and finally the capitalization of small material products. This paper describes all important details of the changes in economy measuring and shows the impact of the capitalization of new assets (research and development and military equipment) on productivity estimations in the Czech Republic.

Suggested Citation

  • Jaroslav Sixta & Kristýna Vltavská, 2016. "Změny v měření ekonomiky a dopady do odhadu produktivity [Changes in the Measuring of Economy and Its Impact on Productivity Estimation]," Politická ekonomie, Prague University of Economics and Business, vol. 2016(3), pages 351-368.
    • Handle: RePEc:prg:jnlpol:v:2016:y:2016:i:3:id:1071:p:351-368
    DOI: 10.18267/j.polek.1071
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    References listed on IDEAS

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    6. Mojmír Hájek & Jiří Mihola, 2009. "Analýza vlivu souhrnné produktivity faktorů na ekonomický růst České republiky [Analysis of Total Factor Productivity Contribution to Economic Growth of the Czech Republic]," Politická ekonomie, Prague University of Economics and Business, vol. 2009(6), pages 740-753.
    7. Jakub Fischer & Kristýna Vltavská & Igor Krejčí, 2013. "The Impact of Revisions of National Accounts on the Estimation of Derived Indicator [Dopad revizí v národních účtech na odhady odvozeného indikátoru]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2013(4), pages 20-33.
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    More about this item

    Keywords

    total factor productivity; regional accounts; national accounting; gross domestic product; ESA 2010;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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